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Looking for a business partner to manage our Marketing dept.
-Social media/marketing experience and comfortable with large event gatherings.
-Design experience is a plus.
-Preferably reside in ATL area but not a deal breaker.
-Entrepreneur spirit (this is not an employment)
Check out the platform mickety.com (in testing phase.. you can play around the website). DM me here or Instagram @MicketyHQ or email at info@mickety.com.
Thank you!
How much will be in hand.
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If you can do things the right way, then it's probably worth it.
If you end up ordering food all the time, using Uber/Lyft for transportation, want a big apartment, etc, then you're gonna watch that San Francisco salary disappear. Rent ranges anywhere from $2k-$5k there depending on studio, 1 bedroom, or more. Food and drinks there are also crazy expensive (i.e. like $6-7 for a small/medium coffee).
If you have nothing holding you to the Midwest and you don't increase your lifestyle I'd say you're probably right. It's problematic comparing the gross pay though...California has a 9.3% incremental tax rate for a single person making over like 60 something k after standard deduction...idk what state you are coming from but I almost guarantee your taxes aren't that high
And another thing to think about is what your living situation will be...if you get your foot in the door and can afford a house somewhere leverage is your friend (i.e. high property values mean a % increase in property values increases your net worth more than they would in areas with low property values...this is a double edge sword though and works against you in terms of building net worth if you rent...i.e. basic finance/sunk cost but this dynamic goes over most people's heads)
Keep in mind that rent isn't the only thing that costs more in HCOL. Food, rent, transportation and parking costs, insurance, taxes, etc.
Yup, taxes is a huge part of the reason for the difference
I loved SF and I miss it all the time. I moved to Sacramento since my remote job wasn't paying me enough to afford the space I wanted. There are a lot of pros and cons to being in the bay ie housing prices and traffic (if you're in SF, also consider the lack of available parking). If you can afford to buy in the bay, do it. Housing is sky rocketing so it's a very good investment when it comes time to sell. But keep in mind, the higher pay comes because of extremely higher housing costs. Crunch the numbers and weigh your options. Also consider career growth opportunity. If it means a big promotion, I would definitely do it. 300k is a nice comfortable salary for the bay.
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Sacramento is awesome. Keep quiet about it please, I want to be able to move back.
You might be very surprised. COL adds up quickly after state tax. Coffee, groceries, lunch, gym, parking, transportation, hair cuts are all significantly more etc etc. You’ll also prob need some wardrobe Investments. I did the reverse and can’t get over how much less everything costs. I’m making about 1/3 of what my NY salary was and am totally comfortable even after adding a car.
I buy rental property in more affordable markets, so I’m covered there!
It feels like cheating the system to make SF salaries and buy Midwest properties… but everyone else is doing it so 🤷
Yes, but you have to live there and it sucks!
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I would. I would also consider buying. Your jump in salary will also result in a jump in income taxes. You cant deduct rent from your income taxes. If you buy your mortgage interest comes right off the top at 32%. Even if you dont make anything on appreciation of the house saving the 32% will be a benefit.
Something to think about.
Yes of course! We’re buying rental properties in other markets! ^^
Our $1M house in SF area is $5M, so it is way more than double to get exactly what we have here.
“Renter”